📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Overall Cost for comparison

LeonThePro_2
LeonThePro_2 Posts: 11 Forumite
in Mortgages & endowments
Good evening,
We are just about to purchase a new house and need to change/increase our mortgage. If I am looking at fixed rate mortgages what is more important the fixed rate over the set period or the overall cost for comparison. I will be looking to change/renegotiate after the fixed rate changes?

Thanks.

Comments

  • herbiesjp
    herbiesjp Posts: 8,499 Forumite
    You should look at the true cost over the fixed rate period i.e. taking into account all the mortgage scheme fees
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.4K Banking & Borrowing
  • 253.3K Reduce Debt & Boost Income
  • 453.8K Spending & Discounts
  • 244.4K Work, Benefits & Business
  • 599.7K Mortgages, Homes & Bills
  • 177.2K Life & Family
  • 258K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture